Post
Topic
Board Speculation (Altcoins)
Re: Formation Finance - thoughts on the project?
by
themaxx
on 19/08/2022, 07:56:32 UTC
You did even see the price was going down so hard and then where's a good thing from a token that dumped so hard like that? This is another shit coin that will be dead soon. Keep in your mind that investing in this shit pretty much the same like giving your money easily to the scammers.
Even this time the price is still going down. You can take your own conclusion. Don't be so mad because this is obvious scam token.
I said in the first post that price had gone down hard. I said it could be a scam, which is why I was asking for people's thoughts.

But there could be other reasons why the price had gone down - the bear market is a factor, and in the discord someone said that single sided staking at 70% APR caused selling but that's been ended. Is that the reason? I don't know, I'm hoping smarter people will weigh in.

I'm thinking about it like this - there's a 90% chance that this could go to zero (scam, no product fit, product doesn't work). If that happens I've lost $100. There's a 10% chance that this could go to $0.01 - if that happens I've made $3100. I think it's a good investment.